Can you determine if a property is owned outright without asking?

Can you determine if a property is owned outright without asking?

Investor · Member since 2020 · 110 posts · 33 votes

Regarding seller financing, is there a way to research finding out if a property is owned by the seller without a mortgage without asking them?

thanks 

0Reply
62 views

2 Replies

Jump to latestLatest
  • Rental Property Investor · Greenwich, CT · Member since 2015 · 4k+ posts · 2k+ votes
    6y

    Yes, @Matt Bailey, this is all public information. Any lien (mortgage) on a property must be "registered" with the town. In my area, this is all included in the MLS. So, my realtor can tell me. Once a mortgage is paid off, that is also "registered." Depending on how well your municipally has moved it's information on-line, you may be able to find it there. Otherwise, a trip to town hall is in order.

    You could also pay a title company, but that's going to get pretty expensive, if you're researching a lot of properties.

  • Investor · Member since 2020 · 110 posts · 33 votes
    6y
Join the conversationCreate a free account to reply, vote on answers and follow this thread.